2020 had the lowest amount of Bitcoin stolen through hacks and scams, up to 4,366 BTC
2020 has the lowest number of Bitcoin stolen through hacks and scams. A total of 4,366 BTC was stolen and publicly reported. This is a 92% decrease from 2019 and the lowest of all time at 0.02% of the total supply. Bitcoin investors and traders are getting smarter day by day in securing their investments.
Bitcoin security appears to be improving! As far as I can tell, only 4,366 BTC was stolen in major publicly announced thefts during 2020. This is a 92% drop from 2019 and an all-time low of only 0.02% of the total supply.
I’m tracking thefts here: https://t.co/gdSKj6cvEy pic.twitter.com/CJpsZrcsJO
— Jameson Lopp (@lopp) December 29, 2020
Bitcoin stolen through hacks and scams hits a yearly all-time Low
A lower amount of BTC was stolen this year through hacks and frauds than in previous years.
This is according to data from Casa Bitcoin App Co-Founder and CTO, Jameson Lopp, who pointed out that only 4,366 BTC have been stolen in the past 12 months. This amount is down 92% from 2019 and is the lowest level of all time since 2011.
One reason for the decline in Bitcoin stolen through hacks and scams is that BTC investors can get smarter in storing their money and identifying scams. The average BTC investor has been around since the 2017 bull run, and most likely already knows which exchanges are the safest, which wallets offer the best security, and how to avoid scams.
Furthermore, there has been a general crackdown on scams at a global level as seen in the recent seizure of $ 4 billion in cryptocurrency from the PlusToken Ponzi Scheme.
Crypto exchanges are also working together as a team whenever one of them has a hacking problem. A prime example is the recent KuCoin hack that led to the culprit of the hack, their Bitcoin addresses being blacklisted. This means they will have to look for alternative methods to withdraw their cash outside of known crypto exchanges.
Another reason BTC investors and traders keep their BTC safe is the simple fact that it’s getting more and more valuable. Earlier today, Bitcoin did what it does best by posting an all-time high of $ 28,605 with the potential of $ 30,000 during the first few weeks of 2021.
However, a hurdle that hinders Bitcoin in the form of a monthly and yearly close will happen tomorrow, December 31st. Such an event is sure to bring volatility but one fact is. shield; that Bitcoin will have the highest monthly and yearly close since it was launched in January 2009.
You can see the BTC price here.
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